Nomura Asset Management Co. Ltd. Has $29.93 Million Stock Position in KKR & Co. Inc. (NYSE:KKR)

Nomura Asset Management Co. Ltd. boosted its position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 3.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 229,226 shares of the asset manager's stock after purchasing an additional 8,678 shares during the quarter. Nomura Asset Management Co. Ltd.'s holdings in KKR & Co. Inc. were worth $29,932,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in KKR. Wedmont Private Capital raised its position in shares of KKR & Co. Inc. by 32.4% during the 2nd quarter. Wedmont Private Capital now owns 2,996 shares of the asset manager's stock valued at $332,000 after acquiring an additional 733 shares during the last quarter. V Square Quantitative Management LLC acquired a new position in KKR & Co. Inc. in the second quarter valued at about $212,000. ORG Partners LLC acquired a new position in KKR & Co. Inc. in the second quarter valued at about $253,000. Envestnet Portfolio Solutions Inc. boosted its holdings in KKR & Co. Inc. by 4.2% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 26,628 shares of the asset manager's stock worth $2,802,000 after buying an additional 1,075 shares during the last quarter. Finally, Swedbank AB grew its position in shares of KKR & Co. Inc. by 33.5% during the 2nd quarter. Swedbank AB now owns 65,432 shares of the asset manager's stock worth $6,886,000 after buying an additional 16,424 shares during the period. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Stock Performance

KKR & Co. Inc. stock traded up $5.58 during mid-day trading on Wednesday, hitting $157.39. 4,174,976 shares of the company's stock traded hands, compared to its average volume of 4,230,944. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. The firm has a 50 day simple moving average of $146.73 and a two-hundred day simple moving average of $126.28. KKR & Co. Inc. has a fifty-two week low of $76.87 and a fifty-two week high of $163.68. The stock has a market cap of $139.80 billion, a price-to-earnings ratio of 47.84, a P/E/G ratio of 1.25 and a beta of 1.63.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The asset manager reported $1.38 EPS for the quarter, beating analysts' consensus estimates of $1.03 by $0.35. KKR & Co. Inc. had a net margin of 13.21% and a return on equity of 5.77%. The business had revenue of $4.79 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the prior year, the business earned $0.73 EPS. On average, research analysts expect that KKR & Co. Inc. will post 4.16 EPS for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Monday, November 4th were given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 0.44%. The ex-dividend date of this dividend was Monday, November 4th. KKR & Co. Inc.'s payout ratio is 21.28%.

Insider Transactions at KKR & Co. Inc.

In other news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $25.75, for a total value of $149,350,000.00. Following the completion of the transaction, the insider now owns 25,260,971 shares of the company's stock, valued at approximately $650,470,003.25. This represents a 18.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 39.34% of the company's stock.

Analysts Set New Price Targets

Several brokerages have commented on KKR. Redburn Atlantic assumed coverage on shares of KKR & Co. Inc. in a research note on Tuesday, August 27th. They issued a "buy" rating and a $153.00 target price for the company. Wells Fargo & Company upped their price objective on shares of KKR & Co. Inc. from $139.00 to $152.00 and gave the company an "equal weight" rating in a research report on Friday, October 25th. Citigroup raised their price objective on KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. StockNews.com raised KKR & Co. Inc. to a "sell" rating in a research note on Friday, October 25th. Finally, JMP Securities increased their target price on KKR & Co. Inc. from $150.00 to $155.00 and gave the stock a "market outperform" rating in a research note on Tuesday, October 29th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $155.50.

KKR & Co. Inc. Profile

KKR & Co Inc is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.